This Artificial Intelligence (AI) Stock Just Hit a New High, and It's Still Undervalued

Shares of Nvidia are hovering near all-time highs. It's hard to believe that at one point this year, Nvidia (NVDA 1.65%) stock had plummeted by 30% and lost over $1 trillion in market value. Despite trading near all-time highs, some Wall Street analysts see even more upside ahead -- with price targets forecasting as much as 400% further gains. In other words, many investors think Nvidia stock is still undervalued. Let's explore the catalysts that could fuel Nvidia even higher, and detail why now may as good ...